February 23, 2024 1:28 am
Lebanon Incurs Heavy Costs as Tens of Thousands Evacuated Due to War

Lebanon is currently experiencing a severe economic crisis, with hyperinflation and many citizens turning to cryptocurrency due to the constant erosion of the Lebanese pound. The devastated economy worsens due to the ongoing fighting between Israel and Hezbollah in southern Lebanon, leading to potential recruitment of citizens from weaker strata into the ranks of Hezbollah.

The conflict between Israel and Hezbollah has been centered on the border area with Lebanon, unlike rocket fire from Gaza Strip. The Shiite terrorist organization’s capability to launch volleys of dozens of rockets is not a surprise, despite Tehran’s involvement. Nasrallah, the leader of Hezbollah, is aware of the impact of the Second Lebanon War on the memory and consciousness of the Lebanese people.

The destruction in southern Lebanon is causing serious economic damage, impacting an agriculture-focused region and leading to evacuations of tens of thousands of people. The economy of Lebanon as a whole is feeling this impact as southern Lebanon is a significant center for agricultural activity.

Hezbollah, a terrorist organization with state identity, has political influence in the Lebanese government. The ongoing conflict with Hezbollah poses a concern for successful tourism industry in Lebanon which accounts for about 20% GDP

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